📊 Market Structure & Key Levels
US30 is still in a downtrend, but we are seeing a bullish reaction from recent lows. Price is testing resistance around 41,718 - 41,800, a key zone for potential rejection or breakout.
🔍 Key Observations:
✅ Bearish Trend – Price remains below major EMAs, but attempting a recovery.
✅ Key Resistance – 41,800 level is a crucial decision point.
✅ Bullish Breakout? – If price holds above 41,800, we could see a push toward 42,200+.
🎯 Trade Plan:
🔹 Short if rejection at 41,800, targeting 41,628 & 41,400.
🔹 Long if clean breakout & retest above 41,800, targeting 42,200 - 42,400.
💡 Patience. Confirmation. Risk Management.🔥
US30 is still in a downtrend, but we are seeing a bullish reaction from recent lows. Price is testing resistance around 41,718 - 41,800, a key zone for potential rejection or breakout.
🔍 Key Observations:
✅ Bearish Trend – Price remains below major EMAs, but attempting a recovery.
✅ Key Resistance – 41,800 level is a crucial decision point.
✅ Bullish Breakout? – If price holds above 41,800, we could see a push toward 42,200+.
🎯 Trade Plan:
🔹 Short if rejection at 41,800, targeting 41,628 & 41,400.
🔹 Long if clean breakout & retest above 41,800, targeting 42,200 - 42,400.
💡 Patience. Confirmation. Risk Management.🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.